Buying from wholesaler

[Bryan H.]

Looking to make my first offer to a wholesaler.

I have purchased off the MLS before and included contingencies for financing, inspections, title, etc. Are these expected & normal for wholesale deals too?

Here's my deal broken down, let me know what you think. Am I missing anything? I am looking at 100% financing with HML. Figuring 9 months for hold

ARV $163,000
Minus 70% $114,100
Minus Rehab $30,000
Purchase $84,100

Buy Costs $1,682 2%
Points $3,423 3%
Payment $10,563 12%
Taxes $1,800 $200/month
Insurance $500
Contingency $3,000 10%
Sell Costs $14,670 9%


Investment $149,738
Profit $13,262